Beltline Warehouse at Lee &
For Sale
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979 Donnelly Ave SW, Atlanta, GA 30310
Warehouse at Lee & White in West End, Atlanta.
Property Size20,000 SF
Lot Size0.92 Acres
Price / SF$195
Days on Market228
Property Features for 979 Donnelly Ave SW
General Information
Standard status
Active
Size
20,000 SF
Total Parking Spaces
16
Lot size
0.92 Acres
Property subtype
Industrial
Zoning
L-1
Building Details
Buildings
1
Stories
1
Listing Agency:
Bull Realty
Listed By:
Michael Wess
(404) 876-1640
Source:
Crexi
Added: Feb 27
Changed: Oct 7
Last Checked: Oct 12 at 7:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bull Realty
Investment Insights
Based on property information with market context.
This warehouse property, situated at Lee & White in the West End area of Atlanta, encompasses approximately 20,000 square feet and is positioned on a site of approximately 0.92 acres. The property is intended for warehouse and industrial use.
Key Highlights
- Direct access and high visibility along the Atlanta Beltline.
- Substantial ±20,000 SF warehouse space suitable for various uses.
- Large ±0.92 AC provides ample space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$140,233
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,804,660
$2.8M
Cap Rate 7%
$2,003,329
$2.0M
Cap Rate 9%
$1,558,144
$1.6M
Market Conditions
NOI Build-Up for 20,000 SF
Gross rent
$180.8K $9.04/SF
− Vacancy
−$15.8K −$0.79/SF
EGI
$165.0K $8.25/SF
− OpEx
−$24.7K −$1.24/SF
NOI
$140.2K $7.01/SF
Area
Atlanta, GA
Vacancy
8.75%
Lease Rate
$9.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,804,660
Cap Rate 7%
$2,003,329
Cap Rate 9%
$1,558,144
Alternative Uses
Best Use
Warehouse
$2.00M
$1.75M – $2.34M
NOI $140,233 @ 7.0% cap · market cap 3.60%
Second Best
Industrial
$1.65M
$1.44M – $1.92M
NOI $115,486 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$5.59M
$4.89M – $6.52M
NOI $391,354 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
789
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30310, GA
27,365
Population
14,033
Households
2
Avg Household Size
37
Median Age
34%
College-Educated
88%
High-School Grad
8.6 sq mi
ZIP Area
3,182
Density / Sq Mi
$45,542
Median Household Income
$36,726
Median Earnings
$1,099
Median Rent
$295,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Atlanta, GA
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Similar Off Market Nearby
- Units Unlimited, Inc. — 858 Avon Ave SW, Atlanta, GA 30310
- Atlanta Storage — 645 Shelton Ave SW, Atlanta, GA 30310
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse at Lee & White in West End, Atlanta.
Where is this warehouse located?
The property is located at 979 Donnelly Ave SW Atlanta, GA.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Direct access and high visibility along the Atlanta Beltline.; Substantial ±20,000 SF warehouse space suitable for various uses.; Large ±0.92 AC provides ample space.
